Is Aurora Cannabis the Best Pot Stock to Buy Now?
Plagued by oversupply, inventory issues, store closures due to COVID-19, and restructuring woes, shares of Aurora Cannabis (NYSE: ACB) have suffered. The stock has fallen by nearly 90% in the span of a year, leaving many investors disappointed by what they once thought would be a high flyer. In fact, the company had to perform a 12-1 reverse stock split in May just to stay listed on the stock exchange. Many investors are now asking: "Will there ever be light at the end of the tunnel?"
Warren Buffett once said: "Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well." More often than not, heavy sell-offs create opportunities for courageous investors to buy stocks at rock-bottom prices and sell them at a higher price once the underlying business recovers. Today, let's look at why Aurora is a top pot stock that is trading at an enticing valuation.
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Source Fool.com
